OFFSHORE COMPANY FORMATION

What is an Offshore company?

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Offshore companies usually referring to the company set up under a specific International Company Act issued by some countries or regions. The purpose of these countries provides the facilities for non-resident personal or companies to set up the company with a low tax or no tax as according to the specific international Company Act is to develop the trading development and investment of the country.

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As the offshore company is easy to incorporate, consuming least time, and without foreign currency exchange control, hence it is also known as a tax haven or tax paradise. The government of offshore company jurisdiction will normally appoint an agent to collect the government fee, management fee, business registration address fee and other fees that might be relevant or called as annual fee in general from the client.